TCS
TATA CONSULTANCY SERV LT
Max pain for TCS
28 Mar 2024 04:00 PM IST
Max Pain for TCS is 3920
Strike 3360 has a total call value of 0 versus a total put value of 121,510,900,000 Combined total value = 121,510,900,000
Strike 3380 has a total call value of 0 versus a total put value of 116,540,200,000 Combined total value = 116,540,200,000
Strike 3400 has a total call value of 0 versus a total put value of 111,569,500,000 Combined total value = 111,569,500,000
Strike 3420 has a total call value of 0 versus a total put value of 106,642,900,000 Combined total value = 106,642,900,000
Strike 3440 has a total call value of 0 versus a total put value of 101,716,300,000 Combined total value = 101,716,300,000
Strike 3460 has a total call value of 0 versus a total put value of 96,791,800,000 Combined total value = 96,791,800,000
Strike 3480 has a total call value of 0 versus a total put value of 91,867,300,000 Combined total value = 91,867,300,000
Strike 3500 has a total call value of 0 versus a total put value of 86,942,800,000 Combined total value = 86,942,800,000
Strike 3520 has a total call value of 0 versus a total put value of 82,018,300,000 Combined total value = 82,018,300,000
Strike 3540 has a total call value of 700,000 versus a total put value of 77,333,200,000 Combined total value = 77,333,900,000
Strike 3560 has a total call value of 1,400,000 versus a total put value of 72,648,100,000 Combined total value = 72,649,500,000
Strike 3580 has a total call value of 2,100,000 versus a total put value of 67,977,700,000 Combined total value = 67,979,800,000
Strike 3600 has a total call value of 2,800,000 versus a total put value of 63,307,300,000 Combined total value = 63,310,100,000
Strike 3620 has a total call value of 40,250,000 versus a total put value of 59,074,750,000 Combined total value = 59,115,000,000
Strike 3640 has a total call value of 77,700,000 versus a total put value of 54,861,100,000 Combined total value = 54,938,800,000
Strike 3660 has a total call value of 115,150,000 versus a total put value of 50,665,650,000 Combined total value = 50,780,800,000
Strike 3680 has a total call value of 197,400,000 versus a total put value of 46,497,850,000 Combined total value = 46,695,250,000
Strike 3700 has a total call value of 279,650,000 versus a total put value of 42,367,850,000 Combined total value = 42,647,500,000
Strike 3720 has a total call value of 499,450,000 versus a total put value of 38,665,550,000 Combined total value = 39,165,000,000
Strike 3740 has a total call value of 750,750,000 versus a total put value of 35,129,150,000 Combined total value = 35,879,900,000
Strike 3760 has a total call value of 1,005,200,000 versus a total put value of 31,618,650,000 Combined total value = 32,623,850,000
Strike 3780 has a total call value of 1,270,150,000 versus a total put value of 28,155,050,000 Combined total value = 29,425,200,000
Strike 3800 has a total call value of 1,535,100,000 versus a total put value of 24,720,500,000 Combined total value = 26,255,600,000
Strike 3820 has a total call value of 2,020,550,000 versus a total put value of 22,148,700,000 Combined total value = 24,169,250,000
Strike 3840 has a total call value of 2,517,200,000 versus a total put value of 19,611,200,000 Combined total value = 22,128,400,000
Strike 3860 has a total call value of 3,048,850,000 versus a total put value of 17,130,400,000 Combined total value = 20,179,250,000
Strike 3880 has a total call value of 3,638,600,000 versus a total put value of 14,849,800,000 Combined total value = 18,488,400,000
Strike 3900 has a total call value of 4,305,000,000 versus a total put value of 12,644,450,000 Combined total value = 16,949,450,000
Strike 3920 has a total call value of 5,694,850,000 versus a total put value of 11,063,500,000 Combined total value = 16,758,350,000
Strike 3940 has a total call value of 7,246,050,000 versus a total put value of 9,522,450,000 Combined total value = 16,768,500,000
Strike 3960 has a total call value of 8,896,300,000 versus a total put value of 8,092,000,000 Combined total value = 16,988,300,000
Strike 3980 has a total call value of 10,617,950,000 versus a total put value of 6,708,100,000 Combined total value = 17,326,050,000
Strike 4000 has a total call value of 12,483,100,000 versus a total put value of 5,357,450,000 Combined total value = 17,840,550,000
Strike 4020 has a total call value of 16,018,800,000 versus a total put value of 4,708,900,000 Combined total value = 20,727,700,000
Strike 4040 has a total call value of 19,598,600,000 versus a total put value of 4,072,250,000 Combined total value = 23,670,850,000
Strike 4060 has a total call value of 23,238,600,000 versus a total put value of 3,449,250,000 Combined total value = 26,687,850,000
Strike 4080 has a total call value of 26,939,850,000 versus a total put value of 2,826,250,000 Combined total value = 29,766,100,000
Strike 4100 has a total call value of 30,683,800,000 versus a total put value of 2,203,250,000 Combined total value = 32,887,050,000
Strike 4120 has a total call value of 35,347,900,000 versus a total put value of 1,863,400,000 Combined total value = 37,211,300,000
Strike 4140 has a total call value of 40,049,450,000 versus a total put value of 1,548,050,000 Combined total value = 41,597,500,000
Strike 4160 has a total call value of 44,813,650,000 versus a total put value of 1,232,700,000 Combined total value = 46,046,350,000
Strike 4180 has a total call value of 49,693,000,000 versus a total put value of 917,350,000 Combined total value = 50,610,350,000
Strike 4200 has a total call value of 54,610,150,000 versus a total put value of 602,000,000 Combined total value = 55,212,150,000
Strike 4220 has a total call value of 60,720,100,000 versus a total put value of 511,350,000 Combined total value = 61,231,450,000
Strike 4240 has a total call value of 66,855,950,000 versus a total put value of 420,700,000 Combined total value = 67,276,650,000
Strike 4260 has a total call value of 73,024,700,000 versus a total put value of 330,050,000 Combined total value = 73,354,750,000
Strike 4280 has a total call value of 79,215,500,000 versus a total put value of 239,400,000 Combined total value = 79,454,900,000
Strike 4300 has a total call value of 85,421,700,000 versus a total put value of 148,750,000 Combined total value = 85,570,450,000
Strike 4320 has a total call value of 92,205,400,000 versus a total put value of 121,800,000 Combined total value = 92,327,200,000
Strike 4340 has a total call value of 99,007,650,000 versus a total put value of 94,850,000 Combined total value = 99,102,500,000
Strike 4360 has a total call value of 105,810,600,000 versus a total put value of 67,900,000 Combined total value = 105,878,500,000
Strike 4380 has a total call value of 112,613,550,000 versus a total put value of 40,950,000 Combined total value = 112,654,500,000
Strike 4400 has a total call value of 119,416,500,000 versus a total put value of 14,000,000 Combined total value = 119,430,500,000
Strike 4420 has a total call value of 126,663,250,000 versus a total put value of 12,600,000 Combined total value = 126,675,850,000
Strike 4440 has a total call value of 133,912,800,000 versus a total put value of 11,200,000 Combined total value = 133,924,000,000
Strike 4460 has a total call value of 141,166,900,000 versus a total put value of 9,800,000 Combined total value = 141,176,700,000
Strike 4480 has a total call value of 148,421,000,000 versus a total put value of 8,400,000 Combined total value = 148,429,400,000
Strike 4500 has a total call value of 155,700,650,000 versus a total put value of 7,000,000 Combined total value = 155,707,650,000
Strike 4520 has a total call value of 162,980,300,000 versus a total put value of 5,600,000 Combined total value = 162,985,900,000
Strike 4540 has a total call value of 170,309,300,000 versus a total put value of 4,200,000 Combined total value = 170,313,500,000
Strike 4560 has a total call value of 177,638,300,000 versus a total put value of 2,800,000 Combined total value = 177,641,100,000
Strike 4580 has a total call value of 184,974,300,000 versus a total put value of 1,400,000 Combined total value = 184,975,700,000
Strike 4600 has a total call value of 192,310,300,000 versus a total put value of 0 Combined total value = 192,310,300,000
Strike 4620 has a total call value of 199,744,300,000 versus a total put value of 0 Combined total value = 199,744,300,000
Strike 4640 has a total call value of 207,178,300,000 versus a total put value of 0 Combined total value = 207,178,300,000
Strike 4660 has a total call value of 214,629,800,000 versus a total put value of 0 Combined total value = 214,629,800,000
Strike 4680 has a total call value of 222,081,300,000 versus a total put value of 0 Combined total value = 222,081,300,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.